I received regular employment income reported on a W-2 for tax year 2018. However, I'm considering taking a contract job on a 1099, which I'm not familiar with and need your help please.
1. What are the taxes that I am required to pay on a 1099-MISC?
2. How do I estimate the tax percentage and tax amount?
3. How do I pay the income tax I owe to the IRS quarterly so that I don't have to pay 100% I owe at tax time?
Thanks so much!
